Zura Bio grants CEO options on 894,000 shares
Zura Bio Ltd reported that Chief Executive Officer Sandeep Chidambar Kulkarni received an award of employee share options covering 894,000 Class A Ordinary Shares.
Rhea-AI Filing Summary
Zura Bio Ltd reported that Chief Executive Officer Sandeep Chidambar Kulkarni received an award of employee share options covering 894,000 Class A Ordinary Shares. The options have an exercise price of 6.03 per share and expire on April 1, 2036.
According to the vesting terms, one fourth of the options will vest on April 1, 2027, and the remaining three fourths will vest in equal quarterly installments thereafter, contingent on his continuous service. Following this grant, he holds 894,000 options directly.
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Insider Trade Summary
Grant/Award: 894,000 shares
Grant/Award
1 txn
Insider
Kulkarni Sandeep Chidambar
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Share Option (Right to Buy) | 894,000 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Share Option (Right to Buy) — 894,000 contracts (Direct)
Footnotes (1)
- F1. One fourth (1/4th) of the shares subject to the option award shall vest on April 1, 2027, and one twelfth (1/12th) of the remaining shares subject to the option award shall vest in equal quarterly installments thereafter, subject to the Reporting Person's continuous service through such vesting date.
Key Figures
Option grant size: 894,000 options
Exercise price: 6.03 per share
Underlying shares: 894,000 shares
+3 more
6 metrics
Option grant size
894,000 options
Employee Share Option award to CEO
Exercise price
6.03 per share
Strike price for Class A Ordinary Shares
Underlying shares
894,000 shares
Class A Ordinary Shares subject to options
Options after grant
894,000 options
Total derivative securities following transaction
Cliff vesting date
April 1, 2027
One fourth of options vest on this date
Expiration date
April 1, 2036
Option award expiration
Key Terms
Employee Share Option, Class A Ordinary Shares, vesting, exercise price, +1 more
5 terms
vesting financial
"shares subject to the option award shall vest on April 1, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price: "6.0300""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2036-04-01T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Zura Bio (ZURA) disclose about CEO Sandeep Kulkarni’s latest equity award?
Zura Bio disclosed that CEO Sandeep Chidambar Kulkarni received an employee share option grant for 894,000 underlying Class A Ordinary Shares. These options form part of his compensation and give him the right to buy shares at a fixed exercise price if they vest.
How many options did the Zura Bio (ZURA) CEO receive in this grant?
The CEO received an option award over 894,000 underlying Class A Ordinary Shares. This grant increases his potential future equity exposure, subject to vesting and exercise conditions, aligning his incentives with long-term company performance and shareholder value over the option term.
What is the exercise price of the Zura Bio (ZURA) CEO’s new options?
The options granted to the Zura Bio CEO carry an exercise price of 6.03 per share. This means he can purchase Class A Ordinary Shares at 6.03 per share once the options vest and before they expire, potentially benefiting if the market price exceeds this level.
When do the new Zura Bio (ZURA) CEO options start vesting and how?
One fourth of the CEO’s option award vests on April 1, 2027. The remaining three fourths vest in equal quarterly installments afterward, provided he maintains continuous service. This time-based schedule encourages long-term retention and sustained leadership stability at the company.
What is the expiration date of the Zura Bio (ZURA) CEO option award?
The employee share options granted to the Zura Bio CEO expire on April 1, 2036. He must exercise vested options before this expiration date; otherwise, any unexercised options lapse and no longer provide the right to purchase the underlying Class A Ordinary Shares.
How many derivative securities does the Zura Bio (ZURA) CEO hold after this transaction?
After this grant, the CEO is reported as directly holding 894,000 derivative securities in the form of employee share options. This figure reflects the total options from this award, which may vest over time according to the specified schedule and service conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
